(EDITORIAL from Korea Times on Jan. 5)

Korea registered a trade deficit of $9.97 billion in 2023. This represents a modest decline compared to 2022’s record shortfall of $47.78 billion. The recovery has been buoyed by booming exports of automobiles and vessels, coupled with the steady reb…

Read More »

(EDITORIAL from Korea Herald on Jan. 5)

Korea’s trade deficit with China stems from Beijing’s push for local manufacturing

Korea recorded a trade deficit with China last year for the first time since the two countries established diplomatic relations in 1992.

It continued to fall from a …

Read More »

Summary of inter-Korean news this week

The following is a summary of inter-Korean news this week.

————

(LEAD) S. Korea orders civilians on western border islands to evacuate over N.K.’s artillery firing

INCHEON — Civilians on the western border islands of Yeonpyeong and Baengn…

Read More »

Exim Bank issues US$2 bln in global bonds

The state-run Export-Import Bank of Korea (Exim Bank) said Friday that it has issued US$2 billion worth of bonds to foreign investors.

Exim Bank has sold three-year bonds worth $800 million, five-year bonds worth $800 million and $400 million worth …

Read More »

S. Korea deploys 1st female submariners for duty

South Korea deployed its first group of female service members to serve aboard submarines on Friday, the Navy said, amid efforts to broaden women’s role in the military.

Among 125 officers and noncommissioned officers, a total of nine female submari…

Read More »